Investors in Capricorn, formerly known as Cairn Energy, will receive 3.8068 Tullow shares for each share they hold, the companies said on June 1.
Here’s a snapshot of recent energy deals including the combination of Colgate Energy and Centennial Resource Development in a $7 billion “merger of equals” transaction plus Exxon Mobil’s exit from the Barnett.
Analysts consider the deal, which addresses Centennial’s inventory concerns while also sparing Colgate Energy from a potentially uphill IPO climb, as a sign of things to come in the Permian Basin.
An overwhelming majority of Woodside Petroleum shareholders voted in favor of a merger with BHP Group's petroleum arm, which would create a top 1- global oil and gas producer, but were disappointed that the company's lack of goals for addressing Scope 3 emissions.
In addition, PDC Energy said May 6 it paid off the Great Western Petroleum secured credit facility totaling $235 million and $312 million in principal amount of Great Western’s 12% senior secured notes due 2025.
Here’s a snapshot of recent energy deals including HighPeak Energy’s acquisition of Hannathon Permian properties for about $373.4 million plus Chevron’s agreement to acquire a stake in Talos Energy’s proposed Texas carbon capture plant.
Here’s a snapshot of recent energy deals including the closing of Targa’s $200 million acquisition of Southcross Energy plus Diversified Energy’s East Texas expansion.
Here’s a snapshot of recent energy deals including Delek Logistics’ $625 million acquisition of 3Bear Energy, which expands its Permian position into the Delaware Basin.
KPMG’s valuation of the combined group was below an estimates by UBS and Credit Suisse, at about AU$34.60 a share and AU$33 a share respectively, based on the banks’ current oil price outlooks.
Siccar Point’s owners have attempted to sell the company several times in recent years with no success, sources have told Reuters.